Installed Building Products acquires Wholesale Insulation Supply, no terms

Installed Building Products announced the acquisition of Wholesale Insulation Supply, Inc. doing business as Insulation Supplies. Insulation Supplies was established in 1986 and is headquartered in New Hope, Minnesota, near Minneapolis. Insulation Supplies generates over $22 million of annual revenue throughout Minnesota and the upper Midwest. As a specialty distributor focused on residential and commercial end-markets, Insulation Supplies sells fiberglass insulation, spray foam insulation, cellulose insulation, and related insulation accessories and machinery. “Insulation Supplies has successfully grown its business by providing exceptional service to its customers and we are excited to complete another strategic acquisition. The acquisition expands our geographic presence and enhances our ability to efficiently meet the needs of insulation customers throughout the upper Midwest,” stated Jeff Edwards, Chairman and Chief Executive Officer.